Avolon completed 237 aircraft leases last year, the Irish aviation finance company said in a statement on Tuesday.
Dublin-based Avolon buys aircraft with debt and cash that it leases to airlines around the world.
The company said that it “executed” 237 aircraft leases in 2022, including new agreements, follow-on deals and extensions.
The firm ended the year with 576 aircraft that it either owned or managed, according to its end of year review.
Yes, the US has higher income per capita than Europe, but what is the real measure of a wealthy nation?
Your work questions answered: Can bonuses be deducted pro-rata during a maternity leave?
China the key for tech’s raw materials whether Trump likes it or not
Belfast-based watchmaker Nomadic moves with the times to reinvent retail experience
It emerged in November that Avolon was suing Lloyds Insurance Company over 10 aircraft that Russian airlines kept following the country’s invasion of Ukraine.
The Irish company terminated leases with the carriers to comply with sanctions against Russia, but the airlines did not return the aircraft.
Avolon has always maintained that it has valid insurance policies covering the 10 aircraft, whose loss cost it $261 million.
During 2022, Avolon agreed a landmark deal to finance 20 Airbus A330-900 aircraft, worth more than $2 billion, for Malaysia Airlines.
Andy Cronin, Avolon chief executive, said the pent-up demand for travel that followed the re-opening of borders made 2022 a successful year.
He described the outlook for 2023 as positive.
“We are well positioned to continue to support our customers and capitalise on the improving market backdrop,” Mr Cronin added.
